3278 W 117th Street, Cleveland, OH 44111

Cleveland
Local realty services provided by:ERA Real Solutions Realty
3278 W 117th Street,Cleveland, OH 44111
$289,000
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  • 6 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: tarina m sidoti
Office: berkshire hathaway homeservices professional realty
MLS#:5205123
Source:OH_NORMLS

Price summary

  • Price:$289,000

About this home

**CASH COW** This three-unit property delivers exceptional income potential. The building features two fully renovated three-bedroom apartments, with a pristine basement that includes an efficiency area with laundry. There is also a commercial storefront currently leased at $1,000 per month (tenant has not yet taken occupancy). The property has been well maintained, including a brand-new roof installed just six months ago. Even the basement is in excellent condition, offering clean and usable space. Based on fair market rents exceeding $1,700 per unit for the apartments, the total monthly income potential approaches $4,400—making this a compelling opportunity at a VERY FAIR price point. With strong cash flow potential and valuable tax advantages, this property is well-suited for investors seeking reliable passive income or a long-term addition to a retirement portfolio. Priced competitively to reflect minor exterior cosmetic updates needed, this is a high-upside investment...

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Home facts

  • Year built:1928
  • Listing ID #:5205123
  • Added:56 day(s) ago
  • Updated:June 27, 2026 at 08:04 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1928
  • Lot area:0.16 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$289,000
  • Tax amount:$3,332 (2025)
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